U2 Income & Wages Vocabulary

U2 Income & Wages Vocabulary

12th Grade

40 Qs

quiz-placeholder

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U2 Income & Wages Vocabulary

U2 Income & Wages Vocabulary

Assessment

Quiz

Social Studies

12th Grade

Easy

EPF.IE.1.5

Standards-aligned

Created by

Lauren Litcofsky

Used 7+ times

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40 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An amount of money paid to an employee at a specific rate; can be hourly, daily, weekly etc.
Salary
Wage
Equity
Bonus

Tags

EPF.IE.1.5

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

money received, usually from a job, business, or assets within a specified period of time (usually per year)
Interest
Fee
Income
Wage

Tags

EPF.IE.1.5

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

income before payroll taxes (such as federal/state income) are taken out; includes your wages, dividends, capital gains, business income, retirement distributions as well as other income
Gross Income
Assets
Rent Income
Side Hustle

Tags

EPF.IE.1.5

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the amount of income remaining after subtracting all allowable adjustments to income from gross income; may include educator expenses, student loan interest, alimony payments, contributions to a retirement account, and other adjustments
Gig Economy
Adjusted Gross Income (AGI)
Taxable Benefits
Gross Income

Tags

EPF.IE.1.5

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

income after payroll taxes and voluntary deductions are removed; sometimes called take-home pay
Gig Economy
Minimum Wage
Gross Income
Net Income (Pay)

Tags

EPF.IE.1.5

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

wages or salary plus fringe benefits; items provided by an employer that may have a cash value but are not considered income
Earned Income
Compensation Package
Investments
Passive Income

Tags

EPF.IE.1.5

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

fixed rate for every hour worked during a regular work week; most common type of income
Wage
Piece Rate
Hourly Wage
Bartering

Tags

EPF.IE.1.5

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